this post was submitted on 19 Mar 2025
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189
How Tesla blew its lead. (restofworld.org)
submitted 1 day ago* (last edited 1 day ago) by Tea@programming.dev to c/technology@lemmy.world
47 comments fedilink hide all child comments
 

BYD took the global EV crown. Now Chinese rivals and local startups are taking over emerging markets.

  • Tesla’s sales are dropping globally, with political headwinds and fierce EV rivals throwing up challenges.
  • New frontiers beckon, but Tesla faces a showdown with savvy local and Chinese competitors vying for dominance.
  • Pricing battles and rapid innovation are putting Tesla to the test, demanding a strategic jolt to regain its edge.
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[–] gian@lemmy.grys.it 1 points 20 hours ago (1 children)

The problem is that Chinese EVs builder are heavily subsidized from the state and Tesla not (or not to that amount). Also a Tesla has a tag price that put it in the medium-high range, and it is obvious that the biggest market is for low-medium range priced car.

[–] clutchtwopointzero@lemmy.world 7 points 20 hours ago (2 children)

Eh. Both received subsidies. No one is a saint

[–] sugar_in_your_tea@sh.itjust.works 3 points 20 hours ago

Sure, but the scale is way different.

[–] gian@lemmy.grys.it -2 points 17 hours ago (1 children)

I agree.
The point is how much subsidies they receive. Chinese automakers seems to get way more (up to 30% if not more of the cost) than Tesla. That way it is easy to win on competitors.

BTW, the 30% is not a personal educated guest, it is the estimated figure given by a very trustworthy economic journal which did an investigation and discovered that that some chinese automaker could probably absorb a 30% tariffs without changing the selling price.

[–] Corkyskog@sh.itjust.works 2 points 17 hours ago

Got a link to the journal?